17 Jan
Can Economists Be Trusted?
By Uwe E. Reinhardt
In last week’s post I argued that the analytic structure through which economists behold the world is based on certain quasi-religious beliefs on the rationality of human beings and the efficiency of markets. These beliefs can blind economists to the foibles of the real world.
Matters are worse when, wittingly or unwittingly, economists infuse their analysis with their own (or a political client’s) preferred ideology.
…more…